Nvidia One of the hottest artificial intelligence (AI) stocks on the market in 2023 has more than tripled its revenue and earnings growth thanks to the way AI has boosted its earnings growth. However, Nvidia isn’t the only stock to gain from the spread of artificial intelligence. Shares of Super microcomputer (SMCI 0.43%) They have …
Every weekday, CNBC’s Investment Club has a morning session live with Jim Cramer at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. U.S. stocks were choppy in mid-morning trading Tuesday, with stocks set to end losses for a third straight month. The S&P 500 and Nasdaq Composite both fluctuated between losses and …
Tech companies, especially those that leverage artificial intelligence, have been in the spotlight this year with investments from the likes of Nvidia, Baidu, and Alibaba. However, one perhaps lesser-known company stands out for portfolio manager Sanjay Iyer: US cloud computing and networking equipment company Arista Networks. “[Arista] Ayer, portfolio manager at US-headquartered WCM Investment Management, …
Image credit: Acus Stiller/Bloomberg/Getty Images Contrary to what you may have heard, the era of big seeds is not over, at least in the AI sector. CentML, a startup developing tools to reduce the cost and improve the performance of deploying machine learning models, announced this morning that it has raised $27 million in partnership …